Equinor looks to Rosebank and Bressay projects after.
Pelagia Shetland also owns half of the Shetland Catch pelagic factory and through that it already had a 36 per cent share in the fishmeal and oil factory at Heogan in Bressay. Speaking to Shetland News, Pelagia chief executive Egil Magne Haugstad said the company had been struggling for some time due to relatively low production volumes at Shetland Catch.
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Bressay lies due south of Whalsay, west of the Isle of Noss, and north of Mousa. At 11 square miles (28 km 2), it is the fifth largest island in Shetland. The population is around 360 people, concentrated in the middle of the west coast, around Glebe and Fullaburn.
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Xcite Bentley to inspire Statoil Bressay project in UK North Sea Statoil at the drawing board to save costs on Bressay The Norwegian State-owned company Statoil and its partner, the Royal Dutch Shell (Shell), are considering all options in order to reduce costs for the development of the heavy crude oil offshore project, Bressay, in the UK North Sea.
Substantial stone-built former manse with a range of outbuildings and its own pier, set in a fantastic shoreside situation on the island of Bressay, enjoying outstanding views westwards across Bressay Sound to Lerwick which is easily accessed by a seven minute ro-ro ferry journey.
Lerwick Harbour Resist Oil Price Drop by Tom Morton - 31st January 2015 Lerwick Harbour will be shielded from falling oil prices by continuing subsea hydrocarbon developments in the Atlantic, according to the port's chief executive.
Mariner is another due to start later this year for Statoil, it uses condensate for EOR, and there are other heavy oil prospects like Bressay (cancelled by Statoil when the oil price collapsed.
Please note: COVID-19 regulations mean Shetland is temporarily closed to all visitors and non-essential travellers. Read more.
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Statoil suspends Bressay field Project. Norwegian oil major Statoil has decided to postpone the Bressay project development, located on the UK continental shelf, due to low oil price environment that is, according to Statoil, “likely to persist over the next one to two years”.
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The Bentley and Bressay heavy-crude oil fields are located 160 kilometres from the Shetland Islands, concentrated together with Statoil's Mariner and EnQuest's (ENQ) Kraken. So it was unsurprising that earlier this year Shell, Statoil, EnQuest and Xcite signed collaboration agreements that allow the parties to evaluate potential synergies, including the sharing of gas pipeline infrastructure.
